Please note:

Legal Assisted 2 Year Second Home Mortgage

RATES CORRECT AS AT 08 March 2022

Initial rate
2.89%
Fixed up to and inc. 31/07/2024

Then changing to the Society's SVR less a discount of 1.25%, (currently)
4.29%
Up to and inc. 31/07/2027

Then changing to the Society's SVR, (currently)
5.54%
For the remaining term of the mortgage

The overall cost for comparison is
4.9%
APRC

Maximum loan to value
85%

FEES AND CHARGES WILL APPLY, SOME OF WHICH ARE NON-REFUNDABLE, SEE BELOW.

Representative Example

A mortgage of £105,000.00 payable over 25 years initially on a fixed rate for 2 years at 2.89% and then a 1.25% discount on our current Standard Variable Rate of 5.54% giving a rate of 4.29% for 3 years and then on our current Standard Variable Rate of 5.54% for the remaining 20 years would require 24 monthly payments of £491.55, 36 monthly payments of £564.91 and 240 monthly payments of £627.36.

The total amount payable would be £183,733.05 made up of the loan amount plus interest of £77,699.05 and application fee £0, product fee £999, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 4.9% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

Additional features

  • Interest calculated daily.
  • Maximum loan £750,000.
  • The Society will assist in covering the basic legal costs of a standard re-mortgage.
  • Free standard valuation up to £999 .
  • This product is not available to interest only applications.
  • 10% capital repayments are allowed each year during the fixed rate period without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges apply up to and including 31 Jul 2024.

Fees

Application Fee (payable on application - non-refundable)

£0

Product Fee (payable on application - this is refundable should the mortgage not complete)

£999

Mortgage Exit Fee

£199

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